H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMSTT FOR THE PRESS Released for publication St<6757 Friday morning, Oct. 17; Federal Reserve Board not earlier. October 16, 1930. CONDITION OF FEDERAL RESERVE BMKS The daily average volume of Federal reserve bank credit outstanding during the week ending October 15, as reported by the Federal reserve banks was $1,026,000,000, a decrease of $15,000,000 compared with the preceding week and of $415,000,000 compared with the corresponding week in 1929, On October 15, total reserve bank credit amounted to $1,044,000,000, an increase of $32,000,000 for the week. This increase corresponds with increases of $32,000,000 in member bank reserve balances, $10,000,000 in money in circulation and $3,000,000 in unexpended capital funds, etc.* offset in part by an increase of $12,000,000 in Treasury currency. Holdings of discounted bills increased $37,000,000 during the week, the principal changes being increases of $32,000,000 at the Federal Reserve Bank of New York, $3,000,000 at Cleveland and $2,000,000 at Philadelphia. The System'sholdings of bills bought in open market declined $26,000,000 while holdings of Treasury certificates and bills increased $1*000,000 and those of U. S. bonds and Treasury notes were practically unchanged. Changes in the amount of reserve bank credit outstanding and in related items during the week and the year ending October 15, 1930, were as follows: Increase or decrease since -Oct.15 Oct. 8 Oct. l6 1930 1930 1929 (In millions of dollars) Bills discounted 210 + 37 - 639 Bills bought 185 26 175 - - United States securities 602 + 2 + 464 Other reserve bank credit 47 + 19 63 - TOTAL RESERVE BANK CREDIT 1,044 + 32 _ 413 Monetary gold stock 4,515 + l + 136 Treasury currency adjusted 1,796 + 12 + 15 Money in circulation 4,497 + 10 292 Member bank reserve balances 2,44o + 32 + 32 Unexpended capital funds,nonmember deposits,etc. 4ig + 3 - Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, October 17,1930; not earlier. St.6757^ RESOURCES MD LIABILITIES OF THE .TWELVE FEDERAL RESERVE BAMS COMBINED (In thousands of dollars) Oct. 15.1950 Oct. 8,1930 Oct. 16.1929 R E S O U R C ES Gold with Federal reserve agents . . .. 1,546,206 1,549,6O6 1,547,526 Gold redemption fund with U. S. Treasury 34,868 34,868 66,810 Gold held exclusively against F.R.notes 1,581,074 1,584,474 l,6l4,336 Gold settlement fund with F. R. Board . 538,443 544,854 758,685 Gold and gold certificates held "by "banks 859,820 847,200 631,815 Total gold reserves . . . . .. 2,979,337 2,976,528 3»004,836 Reserves other than gold • l46,751 149,625 153,523 Total reserves . . . . .. 3,126,088 3,126,153 3,158,359 Non-reserve cash . . . . .. .* 66,054 65,757 70,746 Bills discounted: Secured "by U.S.Government obligations 89,024 55,011 401,458 Other "bills discounted . 121.415 118,155 447,477 Total "bills discounted . . .. 210,439 173,166 848,935 Bills "bought in open market 185,49 2 211,023 360,110 U. S. Government securities; , Bonds 38,4oo 38,253 37,967 Treasury notes . .. •• 289,772 289,756 J2,0SS Certificates and "bills 273,442 272,430 27,595 Total U.S.Government securities 601,6l4 600,439 137,628 Other securities . . . . . .. 6,272 6,272 23,755 Total tills and securities . .. 1,003,817 990,900 1,370,428 Due from foreign "banks 2,l6o 702 754 Uncollected items 816,436 559,402 .1,022,985 F. R. notes of other "banks 18,84l 18,O4O 26,828 Bank premises .. •• 59,637 59,674 58,944 All other resources / 31 2, 4 75 9,077 TOTAL RESOURCES 5,104, " 4,833,103 5,718,121 L I A B I L I T I ES F. R. notes in actual circulation . .. 1,372,211 1,365,398 1,859,621 Deposits: Member "bank - reserve account . . . . 2,440,364 2,407,758 2,408,482 Government 23,737 33,233 25,351 Foreign bank . . . . . . . . . . . .. 4,970 6,696 5,203 Other deposits . . . . . .. 22,801 18,425 21,591 Total deposits 2,491,872 2,466,112 2,460,627 Deferred availability items 778,027 538,588 937,453 Capital paid in 170,493 170,555 166,998 Surplus 276,936 276,936 254,398 All other liabilities 246 " 15,514 39,024 TOTAL LIABILITIES . . . . .. 5,104^f85 4,833,103 5,718,121 (,.13/ Ratio of total reserves to deposit and F. R. note liabilities combined . . . 80.9$ 81.6$ 73*1$ Contingent liability on bills purchased for foreign correspondents . . . . .. 439,103 435,194 463,153 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES MB LIABILITIES OF THE FEDERAL RESERVE 3AHS OH OCTOBER 15, 1930 R E S O U R C ES (in thousands of dollars) St. 6757b Total Boston Hew York Phi In.. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy, Dallas San Fran. Gold with Federal reserve agents 1,5^6,206 154,917 305,636 140,000 190,550 65,000 112,300 174,000 55,9^5 47,045 70,000 26,050 204,763 Gold redemption fund with U.S.Treasury34,868 jkl l4,4l5 2,026 1,655 1,^75 2,092 1,229 l,66l 837 l ,1^ 1,128 6,109 Gold held exclusively against F. R. notes 1,581,07% 155,658 320,051 142,026 192,205 66,475 114,398 175,229 57,606 47,882 71,^4 27,17s 210,872 • n Old settlement fund with F.R.Board 538,443 35,643 150,217 48,034 6i,S32 13,237 7,5l6 101,023 28,824 l2,34o 29,039 15,333 35,405 Total gold reserves 2,979,337 224,256 989,027 217,210 312,297 89,365 129,616 416,Q6i 94,336 65,661 108,346 52,97s 278,624 Reserves other than gold 146,751 14,231 35,86o 8,316 7,809 7,271 11,907 22,328 8,925 4,395 6,205 7,639 11,265 Total reserves 3,126,088 238,^7 1,024,887 226,126 320,106 97,236 141,523 439,229 103,261 70,056 114,551 60,617 289,949 Hon-reserve cash 66,054 6,626 16,635 5,001 4,493 3,712 4,837 9,955 3,46o 2,096 1,818 3,052 4,369 Bills discounted: Secured by U.S.Govt, obligations 89,024 5,009 4o,6os 10,086 13,573 3,522 l,4o6 5,077 2,752 1,101 2,619 1,462 1,809 Other bills discounted 121,415 4,058 17,141 7,328 10,498 l4,4so 22,802 2,503 13,261 3,19s 7,511 9,H7 3,518 Total bills discounted 210,439 9,067 57,7^9 17,4I4 24,071 18,002 24,208 13,580 16,013 4,299 10,130 10,579 5,327 Bills bought in open market 185,492 17,550 56,773 IO4 17,654 8,392 10,461 20,007 7,853 6,080 8,584 7,769 24,265 U. S. Government securities: Bonds 38,4oo 756 2,187 64o 237 1,176 110 20,017 523 4,827 42 7,842 43 Treasury notes 289,772 23,239 78,983 26,424 34,358 8,086 7,709 31,260 15,926 12,464 14,679 12,002 24,642 Certificates and bills 273,442 22,180 106,171 25,188 23,260 7,721 4,955 29,851 7,450 8,942 14,015 9,325 14,324 Total U.S. Govt, securities 601,6l4 46,175 187,341 52,252 57,855 16,983 12,774 81,128 23,899 26,233 28,736 29,229 39,009 Other securities 6,272 1,000 4,250 1,000 - - - - - 22 - - - Total "bills and securities 1,003,817 73,792 30o,113 70,770 99,580 43,377 47,443 114,715 47,765 36,634 47,450 47,577 68,601 Dae from foreign hanks 2,l6o 52 1,609 68 70 30 25 9^ 25 l6 21 21 49 Uncollected items 816,436 88,315 252,301 71,694 72,44o 52,6o4 18,938 99,728 34,091 13,577 37,620 31,235 43,893 F. R. notes of other banks 18,S4l 300 4,780 180 1,330 1,558 1,131 2,897 , 1,577 1,095 1,602 420 1,971 Bank premises 59,637 3,580 15,664 2,6l4 7,061 3,271 2,665 8,295 3,811 2,018 3,972 1,876 4,810 All other resources 1 3, a * 4,620 229 1,134-^' 2,902 - 3 § 6 2 99 430 ~££rd/7 44l ^-3 36? 5,104*^5-4n, 310 1,626,689 376,682 506,a4- 202,29^ 219,464 675,325 194,289 125,922 207,346145,239 4i4,«e$ TOTAL RESOURCES U.tm jTzA Vf/ <et" "7 96- Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AND LIABILITIES tiF THE FEDERAL 'RESERVE BANKS' OS OCTOBER 15, 1930 L I A B I L I T I ES (in thousands of dollars) St. 6757c Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F.R,notes in actual circulation 1,372,211 134,515 as,120 120,233 185,997 66,809 120,822 152,62% 63,014 51,105 67,377 34,550 157,045 Deposits: Member bank - reserve account 2,440,364 151,675 1,006,614 142,035 201,903 63,822 59,476 359,135 76,756 51,695 90,492 63,662 173,099 Government deposits 23,737 2,817 3,190 2,607 664 3,437 2,203 922 2,581 420 1,332 1,328 2,236 Foreign "bank 4,970 388 1,452 509 524 220 189 702 189 121 157 157 362 Other deposits 22,801 166 11,763 503 1,374 79 206 506 218 200 64 76 7,646 Total deposits 2,491,872 155,046 1,023,019 145,654 204,465 67,558 62,074 361,265 79,744 52,436 92,045 65,223 183,343 Deferred availability items 778,027 88,126 233,787 66,629 69,43s 48,889 18,227 99,O4O 34,062 11,337 34,276 31,469 42,747 Capi t&l paid in 170,493 11,881 66,227 16,760 15,966 5,804 5,345 20,162 5,245 3,061 4,327 4,356 11,359 Surplus 276,936 21,751 80,001 26,965 29,141 12,496,10,857 40,094 10,877 7,143 9,162 8,935 3 19,514 All other liabilities A, 2-3^246- -9" 5,535 1,20 2,139 1,347 840 l§9^"y 706 -?S1 ~t TOTAL LIABILITIES 5,lo4rf85 4il,3t& 1,626,689 376,682 506,2i4j 202,29s 219,464 675,^^94,289 125,922 207,34^ 145,239 4i4,geq Reserve ratio (per cent) 80.9 82.4 I 82.6 85.0 82.0 j/ 72.4 j,77.4 85.5 I T2.3 67.7 71.9 w 60.8 85.2 Contingent liability on bills pur- $°>*chased for foreign correspondents 439,103 32,204 147,088 42,214 43,519 18,278 15,667 58,316 15,667 10,010 13,056 13,056 30,028 FEDERAL RESERVE NOTE STATEMENT Federal reserve notes: Issued to F,R.bank by F.R.agent 1,799,896 176,707 376,095 139,055 220,471 85,900 146,543 179,349 76,702 56,506 78,304 41,391 222,873 He] d Federal reserve bank 427,685 42,192 157,975 18,822 34,474 19,091 25,721 26,725 13,688 5,401 10,927 6,s4i 65,828 In actual circulation 1,372,211 134,515 as,120 120,233 185,997 66,809 120,82.2 152,624 63,014 51,105 67,377 .34,550 157,045 Collateral held "by agent as security for notes issued to bank: Gold and gold certificates 449,350 35,300 277,010 39,900 15,550 5,000 7,100 - 8,345 11,845 - 14,300 35,000 Gold fund - F. R. Board 1,096,856 119,617 28,626 100,100 175,000 60,000 105,200 174,000 47,600 35,200 70,000 11,750 169,763 Eligible paper 375,845 26,538 100,036 l4,4is 4i,4oo 26,341 34,423 33,424 23,524 9,763 is,574 17,947 29,457 Total collateral 1,922,051 181,455 405,672 154,418 231,950 9l,34l 146,723 207,424 79,469 56,808 88,574 43,997 234,220 MATURITY-DISTRIBUTION OF BILLS AND SHORT TERM SECURITIES 91 days to Total Within 15 days l6 to 30 days 31 to 60 days. 6l to 90 days Over 6 months 6,months Bills, discounted 210,439 137,051 22,563 28,482 17,637 4,376 330 Bills bought in open market 185,492 96,922 31,889 41,671 14,753 257 Certificates and bills 273,442 33,214 • 75,361 164,867 Municipal warrants 22 22 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis